Interpublic Could Top Peers in 2010

Wedbush upgraded the marketing firm to Outperform from Neutral.

WE ARE UPGRADING Interpublic Group (ticker: IPG) to Outperform from Neutral on higher estimates, rolling forward our price target to 2010/2011, and applying a reduced-valuation-discount assumption to peers on enterprise value/earnings before interest, taxes, depreciation and amortization (EV/Ebitda).